Update 3: ZodTTD, developer of several well-known emulators, recently met a similar fate as yongzh - both his Market account and his apps were removed. Today, he decided to clarify a few things in a blog post, noting that the removal of the apps was not due to an open source violation but rather came as a result of a trademark infringement letter from Sony to Google concerning PSX4Droid's icon.

ZodTTD and yongzh have released Android’s first PlayStation emulator application, now available in the Android Market for $6.99USD. Remember, that $6.99 does not get you any games or a working BIOS (required to run the emulator), you have to “legally” obtain these on your own time (please do not post links to ROMs or BIOS images in comments, they will be deleted).

But words don’t really do this justice, hit the jump for some sexy video: